Starting next month, ridesharing users in a dozen cities can opt in for a $50 an hour ride, Uber Technologies Inc. announced on Friday (May 29). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
If Uber is forced to classify its drivers in California as employees, 158,000 will be out of work, the company said. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Uber plans to cut 3,000 more jobs and close 45 offices — all while eyeing other cutbacks as the COVID-19 economy keeps pummeling the ride-hailing giant. Job cuts do not include drivers, who technically are not employees. Get the Full Story Complete the form to...
Uber, inviting users to take a “second first trip,” has introduced new safety guidelines to help protect people from the coronavirus as they begin taking rides again, including a mandate that all drivers wear masks. Get the Full Story Complete the form to unlock this...
The Estonia-based rideshare unicorn Bolt — Uber’s main competitor in Europe — said it isn’t laying off any workers despite a 75 percent drop in sales. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
To get a sense of how the pandemic can affect companies differently – even competitors in the same vertical, jockeying for position, for mindshare, for wallet share – consider the recent earnings reports from two juggernauts in the ride-hailing space. Get the Full Story Complete...
On the surface, it might look like Uber is heading off in two different directions as it readies for its earnings announcement slated for tonight (May 7). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Silicon Valley rideshare giant Uber is reducing its workforce by roughly 14 percent — about 3,700 people — as the coronavirus pandemic and stay-home mandates reduce the demand for rides, according to a Wednesday (May 6) regulatory filing. Get the Full Story Complete the form...
With social distancing still in effect to varying degrees nationwide, the ridesharing market has slowed virtually to a stop. Consumers staying home have very little need to order an Uber to get to their living room. The company announced 3,700 layoffs and its CEO isn’t...
